The Kellington Times
Spoiler Alert: The Stock Market Bubble Is About To...
If you haven’t been paying attention, the stock market is on fire. It’s been hitting one new record high after another. While 75.6 million initial jobless claims were filed during the pandemic—representing about 47% of the nation’s workforce—some people are making fortunes betting on stocks.
Biden, in an effort to swiftly turn around the fortunes of the U.S., plans “to provide a stopgap measure of financial relief to millions of Americans.” This immediate measure is meant to get things started “while Congress begins to consider his much larger $1.9 trillion package to help those affected by the [Covid-19] pandemic.” His large proposal necessitates going through congressional approval, and Friday’s executive orders can be immediately put in place without legislation required.
Reading between the lines, we’re going to be in lockdown until next fall. Dr. Fauci, who is being kept on as the go-to Covid-19 disease guy for President Joe Biden, said that the U.S. won’t be able to vaccinate 70% to 85% of adults until the end of the summer, which “means a semblance of normalcy by the fall.”
Biden believes that his Build Back Better program would create new jobs, as monies would be deployed to rebuild the nation’s bridges, tunnels, highways, airports and other infrastructure. Biden also promised to aggressively deal with disease and ramp up vaccines, which would instill confidence in reopening the economy. The combination of financial stimulus, a massive infrastructure program and a full-out war against Covid-19 should significantly alter the outcome and mood of the country.
